Phillips replaces 1,128 percent
of 2000 production
Petroleum News Alaska
Phillips Petroleum Co. said Feb. 21 that it replaced 1,128 percent of its 2000 worldwide oil and gas production at an average preliminary finding-and-development cost of $2.39 per barrel-of-oil equivalent.
Excluding acquisitions and sales the company replaced 515 percent of its 2000 production.
Ph....
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